Daimler becomes sole owner of car2go on road to car-sharing venture with BMW
German premium carmaker Daimler will buy its long-standing joint venture partner Europcar’s 25 percent stake in car2go in its quest for greener pastures that might even include a car-sharing alliance with German rival BMW, reports Reuters. With the move, Daimler will take full ownership of car2go Europe GmbH . Mercedes owner Daimler and BMW, Germany’s two biggest luxury carmakers, are already in discussions to combine their car-sharing services car2go and DriveNow, a source familiar with the talks told Reuters earlier this year. The two companies want to build a joint business, which includes car-sharing, ride-hailing, electric vehicle charging, and digital parking services, writes Reuters. In January, BMW paved the way for a merger with Daimler’s car-sharing service when it bought out car rental service Sixt from their joint venture DriveNow.
See the CLEW dossier German carmakers and the Energiewende for background.